Member Info for willhi02

People getting my posts removed so I'll simply post it again...

...I wonder if we will see a TR-1 drop tomorrow...

Was there any mention today of the reason behind the change of nomad?

Good spot - another potential revenue stream dead.

Can you help me with these points Bash?

Yes the agreement is that one token is worth one ounce of gold - QGP then give VLRM the amount of tokens that would be worth 13.975 mil USD at that time - this will obviously fluctuate as the price of gold fluctuates. The issue being VLRM then holds a bunch of tokens that they cannot realise into actual FIAT unless there is a viable secondary market. Given then QGP need the cash from these tokens to fund the mining of the gold in the ground and they are giving away 13.975mil worth of tokens a quarter without any cash coming the other way how do they fund the mining? They would require a substantial primary issuance via VLRM markets. But what investor would buy unmined gold - assuming all the risk - for the price they can buy mined gold in the form of Tether gold or such-like?

"Key point to note is a global bank verifies it would pay cash value of the tokens" eh?

Sounds good - questions the market will have though - how do VLRM realise the cash value of the VGOLD-CORE tokens? What is the size of the secondary market for them to do this? Because without that the tokens are practically worth nowt. How many monthly users are there of VLRM markets? As the gold is unmined why would an investor buy at the spot price for unmined gold when they can get mined gold for the same price? Are QGP able to fund the mining of the gold if there is not sufficient uptake on VGOLD-CORE tokens? (I assume not hence the requirement for the tokens - in which case there is huge risk the mining never starts - again why would an investor buy unmined gold for the price they can buy mined gold). What was the total cash QGP actually paid as the first coupon, was it the full 300k USD? How will the ~95mil unrealised warrants have an impact on the share price going forward?

You asked to be shown how they are making money, I showed you. Have some respect.

Wat is your average price here Bash? do you think we will hit 20p soon?

They got given almost half the company for nothing and have sold some of that holding. Glad I could help Bash.

Or not verified as the case may be.

Well they told us 6mil of the 20mil USD WAG1 issue was already secured via Institutional Investors. Question is does the remaining 14mil need to come from retail or have they been working to seek more institutional Investors to plug the shortfall? Is the 600k USD revenue this will generate for VLRM dependant on the full 20mil being subscribed to? I would assume so.

I'm unsure why the last placing was required and the board have conveniently failed to divulge the purpose. If all the revenue they envisaged in the first quarter was realised why scrape around for more cash? And when will the audit of QGP's mines be complete?

Still unable to get in to VLRM markets but I have been able to find out subscription ends at the end of July. Strange that there has not been a PR push to get a customer base on VLRM markets as this appears to be the main revenue stream. In the VLRM markets post launch update we were told the company expected to make revenue of 750k USD in the first quarter of 2026, did they hit this target? Why no such update on VLRM Markets since despite Gary telling us "we look forward to announcing further progress." at the end of that RNS back in October. How many monthly users does VLRM markets have? What is the size of the customer base?

Just gone to log in to VLRM Markets for the first time in ages and I have forgotten my password. I click "forgot my password" and it takes me to a page asking me to enter my password so they can send me an email with a password reset, really sloppy, but I expect nothing less from VLRM now.

Anyway can someone tell me the end date for the WAG1 subscription is? Is it end of June or end of July?

Wonder if we will be in receipt of an RNS on July 1st notifying us of a further change to QGP's holding during the month of June.....

They did not deal until that information became public. The fact Will has bought today shows that they are now not in a closed news period and the only thing left is the ODI approval which could come at any point in the next few weeks. I doubt Fuhai would agree to an extension of just 1 month if they were not confident approval would arrive before the new date and I doubt Will would buy today if he were not confident that was also the case.

They are just waiting on approval, I don't think they have any market sensitive information or are currently locked in negotiations. They know what we know - we are waiting on approval and it should be a matter of weeks.

Another excellent issue where we are notified, again, of the rebrand and how they are using real world images with the VLRM local imposed on top, WOW!!!

At least our head of El Salvador asks the important question "Is the value accurate?" when discussing investors questions around digital assets. Well putting that question on the current share price of VLRM the answer is No, it should be valued a lot less.

The Interim results for HY25 (these are the last results we have to go by) show net assets as 4.3mil. I cannot see how this has grown since this time, given that the QGP deal has not been delivered on by any metric. You could argue the placings have increased the assets somewhat so for argument sake lets say net assets are now 5.5mil GBP. With 542,432,742 shares in issue then a fair share price for VLRM would be 0.98p. This seems to tie in with the 1mil warrants VLRM recently issued at a price of 1p to advisers.

On 12th February Dom Bella you said you would see us at 20p, did you have any basis for that valuation?

On the very next day I said the share price would hit 2- when the coupon is not paid (at the time VLRM was trading at 11p) . You said I was posting misleading information.

Remind me which one of us was correct?

It will be if QGP continue to sell.